Data collection – The daily blog of behavioral and cognitive economics

Is behavioral economics useful for improving data protection in social media?

Social networks can exploit users’ online behavior using data collection techniques, it is a reality. Rather than competing for better consumer protection, these companies often seek to attract and exploit consumers by exploiting their weaknesses, such as overconfidence and optimism. Naturally, this is not the case for all companies, and some do, in fact, offer greater privacy options as a differentiating factor. However, the vast majority do not work this way. Data is collected through the provision of free services that allow large companies to gather information about users’ online behavior ….[READ]